Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual funds liquidity flowed to bluechips in May amid market volatility | Mutual Funds
    • Mutual funds vs PMS: A complete guide to minimum investment, portfolio structure and investor fit
    • Top Aggressive Hybrid Mutual Funds to Consider in June 2026: A Simple Guide for Steady Growth
    • Leading the UK Investment Revolution: Featherstone Investments Unveils Next-Gen Platform
    • How to Switch from One Mutual Fund to Another?
    • Best-performing mutual funds received the least inflows in May: Vallum Capital explains why
    • War bonds to lift defence spending ruled out
    • 63 months of uninterrupted equity inflows: Why SIP investors kept buying despite market volatility? – Money News
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Jury Finds Mismanagement In Governor’s Education Pandemic Relief Funds
    Funds

    Jury Finds Mismanagement In Governor’s Education Pandemic Relief Funds

    October 15, 2024


    A multi-county grand jury investigating the state’s use of covid-relief funding confirms significant mismanagement and misspending of millions of dollars.

    The funds were meant to reduce disruption to education during the Covid-19 pandemic.

    Related Coverage: What Are GREER Funds? Why The State Is Being Investigated For Mismanagement

    Attorney General Gentner Drummond says the grand jury did not report any criminal action or willful corruption but characterized the handling of the grant money as ‘irresponsible, disappointing and indefensible.’

    In 2020, Governor Stitt set up the Governor’s Emergency Educational Relief Fund, or GEER Fund, using $18 million in federal grant money.

    A third party known as ClassWallet was hired to distribute the funds.

    Drummond called for this grand jury investigation after dismissing the Governor’s lawsuit blaming ClassWaltter for the misuse of funds.

    Drummond says this investigation aimed at looking into how and why the state failed to properly manage the federal dollars.

    The jury’s report concludes that the state did not set up administrative safeguards and gave control to private individuals who did not have the experience to oversee the programs. 

    “It is important to note the grand jury didn’t find any criminal misconduct, but it did find that the state of Oklahoma needs to do a better job for agencies that receive more than $10 million in funding. We need to make sure proper protocols are in place to avoid this type of negligent action,” Rep. Jon Echols said.

    On the state level, the grand jury’s findings are final, but a federal audit is still possible.

    This could lead to Oklahoma having to pay back the misspent GEER funds.

    Governor Kevin Stitt responded to the grand jury’s findings in a statement saying in part, ‘The state trusted a vendor, that vendor failed to do its job. The AG has weaponized a grand jury to sign off on a press statement his office prepared.’

    State Superintendent Ryan Walters also released that said in part, ‘[He] has prioritized carefully and efficiently using taxpayer funds. Unfortunately, in this case, the vendor involved did not adhere to the same standards.’





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    How to Switch from One Mutual Fund to Another?

    June 17, 2026

    Crypto Funds Are Booming. Do Investors Understand What They’re Buying?

    June 17, 2026

    7 of the Best Funds You May Not Have Heard Of

    June 17, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    REITs vs. Rental Property: Which One is Better? • Benzinga

    July 31, 2025
    Don't Miss
    Mutual Funds

    Mutual funds liquidity flowed to bluechips in May amid market volatility | Mutual Funds

    June 17, 2026

      The fresh investments have strengthened mutual funds’ exposure to their three largest holdings.…

    Mutual funds vs PMS: A complete guide to minimum investment, portfolio structure and investor fit

    June 17, 2026

    Top Aggressive Hybrid Mutual Funds to Consider in June 2026: A Simple Guide for Steady Growth

    June 17, 2026

    Leading the UK Investment Revolution: Featherstone Investments Unveils Next-Gen Platform

    June 17, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Getting the right property investment strategy in place

    August 10, 2016

    Why These 5 Promising Active ETFs Hit Our Radar

    January 27, 2026

    Janus Henderson élargit sa gamme d’ETF actifs titrisés pour les investisseurs non américains

    May 14, 2025
    Our Picks

    Mutual funds liquidity flowed to bluechips in May amid market volatility | Mutual Funds

    June 17, 2026

    Mutual funds vs PMS: A complete guide to minimum investment, portfolio structure and investor fit

    June 17, 2026

    Top Aggressive Hybrid Mutual Funds to Consider in June 2026: A Simple Guide for Steady Growth

    June 17, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.